GBPUSD has formed lower highs and higher lows on its 1-hour time frame, creating a symmetrical triangle pattern that could be due for a breakout soon. Price is currently testing the triangle support at 1.2460, still trying to decide whether to go for...

USD The US dollar was in a weak spot against its peers as the FOMC minutes focused on the idea of adjusting the balance sheet and the fact that fiscal stimulus might not take effect until next year, something that was underscored by Speaker Paul Ryan...

GBPAUD formed lower highs and higher lows, creating a symmetrical triangle formation on the 4-hour time frame. Price is starting to break past the triangle resistance, signaling that pound bulls are taking control of price action and could push for more...

USD The US dollar had a mixed performance as it weakened to the yen but consolidated against most of its counterparts. Economic data was stronger than expected as the trade deficit narrowed on higher imports while factory orders ticked up by 1.0%. FOMC...

USDCAD recently broke out of its range and reached the 1.3450 minor psychological resistance before pulling back down to the broken resistance. Applying the Fib tool on the latest swing low and high shows that the 38.2% level is close to the area of...

USD The US dollar was mostly confined to ranges at the start of the week but gave up ground to the yen on weaker bond yields. Economic data came in line with expectations as the ISM manufacturing PMI fell from 57.7 to 57.2 as expected. The sub-index...

USDCAD has been moving sideways on its 1-hour time frame, bouncing off support at the 1.3285 area and resistance at 1.3400. Price is currently testing the top of the range at the moment and if it holds as a ceiling, another drop to the range support...

USD The US dollar returned most of its recent gains to its forex counterparts as economic data turned out mixed. The core PCE price index was up 0.2% as expected while personal income rose by 0.4% as expected but personal spending was weaker at 0.1%....

EURJPY failed in its last few attempts to break past the 123.00 area, creating a double top formation on its 4-hour chart. Price has yet to break below the neckline at the 118.00 major psychological mark before confirming the longer-term drop. If that...

USD The US dollar regained a lot of ground after the final Q4 GDP reading was upgraded from 2.0% to 2.1% on stronger consumer spending and a couple more FOMC members supported the likelihood of seeing three rate hikes this year, allowing the Nasdaq to...